President Muhammadu Buhari has expressed delight over the improvement of Nigeria on the World Bank’s Doing Business latest rankings released on Tuesday. Besides moving up 24 places in the rankings, Nigeria is also reported by the World Bank to be among the Top Ten Reformers globally. The President, in a statement by his Special Adviser on Media and Publicity, Femi ...

The World Bank on Tuesday announced that Nigeria is now ranked 145th position out of 190 countries in the Ease of Doing Business index for 2018. The World Bank stated this in its just released Ease of Doing Business report titled, “Doing Business 2018: Reforming to create jobs”. According to the report, Nigeria moved up by 24 places from 169th ...

The Vice President, Yemi Osinbajo has inaugurated the Nigerian Industrial Policy and Competitiveness Advisory Council (NIPCAC), at the State House, Abuja. The Federal Executive Council (FEC) had earlier approved the establishment of NIPCAC in March 2017 as a vehicle for partnering the private sector to drive Nigeria’s industrialisation agenda. Osinbajo, on Monday, chaired the meeting of the NIPCAC alongside other ...

As part of efforts to improve the Nigerian capital market, the Securities and Exchange Commission has inaugurated the Nigerian Capital Market Development Fund (NCMDF). Speaking at the inauguration ceremony of the Board in Abuja, the Director General of the commission, Mounir Gwarzo explained that the initiative aims to boost investors’ confidence. “Part of the 10-year capital market development initiative that ...

The lost of revenue due to the government’s inability to determine the exact number of crude oil export or even mined could soon be over in Nigeria. This is according to the Minister of State for Petroleum Resources, Ibe Kachikwu who disclosed the plan in a recent podcast in Abuja. The new system A new information Technology platform is being ...

Nigerian Professional Football League (NPFL) side, Rangers International Football Club of Enugu will soon be floated on the Nigerian Stock Exchange (NSE). An official of the Administrative Commission of Inquiry on Rangers confirmed this on Tuesday. As a result of  the submissions mate by the commission, the Enugu State Government will likely divest its shares and stakes in Rangers soon. ...

Masters Reality International Concept Limited, a subsidiary of CFL Group has unveiled the architecture design of the Alade Mall to its prospective buyers and real estate experts. In line with Lagos Mega city projects, the company signed a 30-year concession agreement with Lagos state government. The company amongst other development have Antilla Villas, Dorchester Court, Lincoln Heights, Bishopsfield and Whiteheavens. ...

The Emir of Kano, Muhammad Sanusi II, has  began the first Islamic insurance company in Nigeria, Jaiz Takaful Insurance. Speaking on Monday, Sanusi said the introduction of the system in the country was a welcome development to contribute towards boosting Nigeria’s economy. Emir  Sanusi who said the policy would be guided by Sharia, explained that it is not only for ...

Minister of Finance, Kemi Adeosun has stated that Nigeria is not enmeshed in a huge amount of debt has been insinuated by some people. Adeosun, who stated this  when she featured on Channels TV’s Sunrise Daily said: “We had to plan for a bigger budget to create some headroom for capital projects that would in turn drive growth. “As the ...

It and networking giant, Cisco will partner with Google Cloud in developing hybrid cloud offerings for enterprise customers. According to the companies, the hybrid cloud offering  will enable applications and services to be deployed, managed and secured across on-premises environments and the Google Cloud Platform. According to reports, the offer is expected to help organisations optimize their existing investments, plan ...